Wednesday, November 13, 2024
74.8 F
Orlando

Daytona Speedway Standing in Line for Sales Tax Breaks

319px-Daytona_International_Speedway

Daytona International Speedway has joined the list of multimillion-dollar entertainment venues now requesting up to $2 million a year in sales tax rebates from state lawmakers.

Sen. Dorothy Hukill, R-Port Orange, on Friday filed Senate Bill 1349 to provide up to $60 million over 30 years in rebates as the raceway plans a $450 million overhaul of the grandstands along the front stretch.

The House companion (HB 1049) was filed Tuesday by Rep. David Santiago, R-Deltona. Legislators have already been asked to consider a similar deal for the Jacksonville Jaguars’ home stadium EverBank Field, and for Orlando and potentially another community to help pay for the construction of stadiums to attract a Major League Soccer franchise.

The money for the rebates is expected to come from sales taxes the teams generate.

The Miami Dolphins have also requested $3 million a year in tax rebates for renovations at Sun Lite Stadium, which along with EverBank Field is one of eight facilities in Florida already receiving $2 million a year in sales tax rebates.

The others are: the BB&T Center, home to the Florida Panthers; Raymond James Stadium, Tampa Bay Buccaneers; American Airlines Arena, Miami Heat; Amway Center, Orlando Magic; Tropicana Field, Tampa Bay Rays; and the Tampa Bay Times Forum, Tampa Bay Lightning. The Senate Commerce and Tourism Committee has backed the proposals (SB 306) for the Dolphins and (SB 358) for the MLS.

 

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest Articles